Ford and SK On make significant construction progress at BlueOval SK Battery Park

Ford today revealed the new all-electric Ford Explorer. It is the first in a wave of innovative new electric vehicles from Ford and forges the way for a complete reinvention of the Ford brand in Europe. It is also the company’s first electric vehicle to be built at scale in the new Ford Cologne EV Centre in Germany. Engineered and built in Germany, the all-electric Explorer offers an outstanding digital experience...

21 March 2023

SK On participated in InterBattery 2023 held at Coex Convention & Exhibition Center, Seoul from March 15 to 17. Hosted by the Korean Ministry of Trade, Industry and Energy, InterBattery is Korea’s most representative battery exhibition event that attracts hundreds of battery companies and tens of thousands of visitors every year. This year, SK On’s exhibition at InterBattery is under the main theme of "Move On,"...

20 March 2023

SK On revealed that it would display a mock-up of a prismatic battery at InterBattery 2023, the largest battery exhibition in Korea, to be held at COEX, Seoul from March 15 to 17. SK On has completed prototype development and plans to begin producing this type of cell within this year. The prismatic battery of SK On is characterized by its fast-charging speed. SK On’s Super Fast (SF) battery, which received the Best...

10 March 2023

LG Energy Solution, Ford, and Koç Holding signed a non-binding Memorandum of Understanding (MoU) to form a new joint venture subject to final agreement by all the parties to create one of Europe's largest commercial electric vehicle battery cell facilities near Ankara, Turkey, strengthening the foundation for Ford's electric future in Europe. The new joint venture will be located in an organized industrial zone in...

22 February 2023

Ford has committed to producing both nickel cobalt manganese (NCM) and lithium iron phosphate (LFP) batteries in the U.S. The brand is investing $3.5 billion to build the country’s first automaker-backed LFP battery plant, offering customers a second battery technology within Ford’s EV lineup. This plant – called BlueOval Battery Park Michigan – initially will employ 2,500 people when production of LFP batteries...

14 February 2023

According to SNE Reasearch, the global battery usage for 2022 has been 518GWh - a 517.9% growth YoY. For this year, the research agency expects 749 GWh of batteries to be deployed in EVs, PHEVs, and HEVs. Being a South Korean company, SNE Research pays special attention to the three local companies that are major players in the EV battery market - Samsung SDI, SK On, and LG Energy Solution. Their production is...

8 February 2023

The Ford F-150 Lightning is charging into the new year as the North American Truck of the Year. This is the latest award in the electric truck's trophy case and marks the third straight NACTOY Truck of the Year award for Ford. It's also the fifth NACTOY award for Ford in the past three years. The F-150 Lightning is the best-selling electric truck in the U.S. since its launch in May 2022, with sales totaling 15,617...

12 January 2023

At CES 2023, SK On exhibits a SF (Super-Fast) battery with the fastest charging speed among commercially available batteries. Applying a special coating technology, it can be charged up to 80% in 18 minutes and can run more than 400 km on a single charge. In recognition of its performance, SF Battery won the CES 2023 Best Innovation Award in the category of Embedded Technologies for the first time in the battery...

5 January 2023

The latest Coutnerpoint research of the EV market noted down that Tesla is clearly leading the US EV market, and ts Q3 2022 "eclipsed the next 15 brands combined." The overall US EV sales grew by almost 52% YoY during Q3 2022 despite macroeconomic headwinds. BEV sales grew by more than 78% YoY during Q3 and constituted over 80% of the total US EV sales. Tesla sales in the US grew by more than 56% YoY during the...

5 January 2023

According to SK Innovation's announcement on the 21, SK On has successfully increased a total of KRW 2.8 trillion in paid-in capital. This is the sum of SK Innovation's investment, which is equal to KRW 2 trillion, and Korea Investment Private Equity’s investment of KRW 0.8 trillion. SK Innovation plans to invest KRW 1 trillion within this month and proceed with the remaining amount next year. This is SK...

22 December 2022

Ford's sales of electric vehicles expanded at approximately twice the rate of the overall electric vehicle segment in November as Ford prepares to increase production next year to meet U.S. demand. Ford electric vehicle sales were up 103% for the month compared to a year ago, making Ford America's second best-selling brand and manufacturer of electric vehicles behind Tesla. Ford's share of the electric vehicle...

5 December 2022

Ford has built its 150,000th Mustang Mach-E and is now offering the vehicle in 37 countries worldwide with plans to add more markets next year. This is a significant milestone as the company scales EV production to a rate of 600,000 annually by late 2023 and more than 2 million annually by 2026. Almost all of Mustang Mach-E's growth to date is coming from customers replacing an internal combustion vehicle with an...

1 December 2022

Ford has invested a further £125 million in its Halewood Plant, on Merseyside – increasing capacity by 70% – plus £24 million in the supporting E:PRiME product development center. Today’s announcement takes the total investment in enabling Halewood’s transformation to an EV component plant to almost £380 million. Halewood's new power unit capacity, today raised from 250,000 to 420,000 a year – itself an increase of...

1 December 2022

Hyundai signed a memorandum of understanding with SK On to secure a supply of EV batteries in North America. Under the MOU, both parties will cooperate to provide SK On batteries to the Group’s plants in the U.S. after 2025 for EV production. Further details on the cooperation will be revealed at a later stage. Hyundai Motor Group is accelerating electrification efforts with the global target to sell 3.23 million...

29 November 2022